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Pantheon Resources
(LSE:PANR)
Pantheon Resources (PANR) vs. iShares MSCI United Kingdom ETF (EWC)
Pantheon Resources Business Overview & Revenue Model
Pantheon Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 361.77K | 13.39K | 803.69K | 0.00 | 0.00 | 85.31K | Gross Profit |
| -49.99K | 6.24K | 130.40K | 0.00 | 0.00 | 26.66K | EBIT |
| -3.66M | -8.77M | -6.89M | -15.69M | -8.25M | -21.85M | EBITDA |
| -3.65M | -8.40M | 4.86M | -15.59M | -8.25M | -3.62M | Net Income Common Stockholders |
| -5.56M | -11.55M | -1.45M | -13.95M | -6.67M | -16.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.98M | 7.91M | 20.66M | 57.78M | 5.66M | 4.80M | Total Assets |
| 66.59M | 304.62M | 309.93M | 298.10M | 194.76M | 161.63M | Total Debt |
| 0.00 | 20.35M | 26.41M | 43.38M | 32.79K | 74.22K | Net Debt |
| -3.98M | 12.44M | 5.75M | -14.40M | -5.63M | -4.73M | Total Liabilities |
| 4.62M | 27.72M | 37.50M | 58.69M | 6.10M | 7.09M | Stockholders Equity |
| 61.97M | 276.90M | 272.43M | 239.40M | 188.66M | 154.54M |
| Cash Flow | Free Cash Flow | ||||
| -25.38M | -18.33M | -59.65M | -46.21M | -28.07M | -7.30M | Operating Cash Flow |
| -8.21M | -11.37M | -11.40M | -941.51K | -3.10M | -5.71M | Investing Cash Flow |
| -25.58M | -6.34M | -47.91M | -47.63M | -24.97M | -1.57M | Financing Cash Flow |
| 17.66M | 4.96M | 22.18M | 100.69M | 28.93M | 10.22M |
Pantheon Resources Technical Analysis
Pantheon Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £565.17M | 7.74 | 11.29% | 16.11% | -9.79% | -46.17% | |
69 Neutral | £325.94M | 58.90 | 1.32% | 8.22% | 18.76% | ― | |
68 Neutral | £220.57M | 3.11 | 18.48% | ― | -21.23% | ― | |
64 Neutral | £199.27M | 4.34 | ― | -11.70% | ― | ||
57 Neutral | $7.06B | 3.07 | -3.45% | 5.82% | 0.59% | -50.58% | |
50 Neutral | £282.89M | ― | -4.37% | ― | -100.00% | ― |
Pantheon Resources Corporate Events
Pantheon Resources announced the completion of flow testing at its Megrez-1 well, which did not yield mobile oil despite promising reservoir properties. The company will now focus on developing its Ahpun and Kodiak fields, which have significant certified resources. Pantheon is preparing for the Ahpun field development and planning a commercial demonstration well for the Alaska LNG Phase 1 pipeline. The company aims to achieve cash flow self-sufficiency and sustainable market recognition by 2028, leveraging its strategic location near existing infrastructure to reduce development costs and timelines.
The most recent analyst rating on (GB:PANR) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.
Pantheon Resources announced further results from the Megrez-1 flow testing program, revealing that initial tests in the Lower Prince Creek formation showed water-dominated production, leading to a decision to defer hydraulic fracture stimulation until further analysis is completed. The company plans to test the shallower Lower Sagavanirktok 3 horizon next, which has higher porosity and permeability, to assess the potential for commercial oil production. Despite the challenges faced in the Megrez-1 tests, Pantheon remains committed to its development plans for the Ahpun field and the upcoming Dubhe-1 commercial demonstration well, with operations scheduled for summer 2025.
The most recent analyst rating on (GB:PANR) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.
Pantheon Resources announced an investor update webinar to be held on 23 April 2025, featuring discussions on petroleum economics and reservoir characterization. While no new information will be presented, the webinar aims to help investors contextualize previously released data. This initiative is part of Pantheon’s ongoing investor outreach program, reflecting its commitment to transparency and stakeholder engagement.
Pantheon Resources announced preliminary results from the flow testing of the first of six intervals at the Megrez-1 well, revealing that while the TS1 reservoir interval showed strong liquid rates, no significant hydrocarbons were produced. The data suggests the presence of a transition zone with limited mobile oil and gas, but increases confidence in the productivity of shallower intervals. The company plans to proceed with testing the next interval, the Lower Prince Creek formation, to further assess the hydrocarbon potential and optimize future development. This testing is crucial for Pantheon’s strategy to enhance its resource inventory and support its long-term development goals.
Pantheon Resources announced its participation in upcoming investor conferences, including the LD Micro Invitational XV and the Commodities Global Expo, to engage with investors and discuss operational milestones. The company is entering a pivotal phase with upcoming multi-zone flow tests at Megrez-1, which could significantly impact resource estimates and development plans, reinforcing its commitment to delivering long-term value for shareholders.
Pantheon Resources announced that two of its non-executive directors, Jeremy Brest and Linda Havard, have purchased shares in the company, increasing their beneficial ownership. This move may indicate confidence in the company’s strategic direction and its potential to achieve financial self-sufficiency, as it progresses towards its objectives of resource development and market recognition.
Pantheon Resources plc has successfully issued US$35 million in senior convertible bonds due in March 2028. This financial move, involving Sun Hung Kai & Co. Limited and its affiliates, is expected to bolster the company’s financial position and support its ongoing exploration activities in Alaska, potentially enhancing its market standing and stakeholder confidence.
Pantheon Resources announced its 2025 Employee Stock Ownership Plan (ESOP) awards, including 3,191,177 RSUs distributed among staff and 5 million share options granted to new CEO Max Easley at a premium price. This move is part of Pantheon’s strategy to align employee incentives with shareholder interests and support its transition to a development company, as it progresses towards financial self-sufficiency and the development of its Alaskan oil fields.
Pantheon Resources has announced its interim results for the six months ending December 31, 2024, highlighting significant operational and financial developments. The company appointed Max Easley as the new CEO and drilled the Megrez-1 test well, which exceeded expectations. A $35 million convertible bond issuance is expected to close soon, providing liquidity to further explore the Ahpun East area. The company is also progressing towards a U.S. listing to maximize shareholder value. Financially, Pantheon reported a reduced after-tax loss compared to the previous year and is preparing for a U.S. listing by adopting US GAAP accounting standards. The company’s strategic focus remains on achieving a sustainable market valuation and advancing its development projects while minimizing shareholder dilution.
Pantheon Resources has announced its decision to settle the quarterly principal and interest repayment of its unsecured convertible bonds, issued in December 2021, through the issuance of new shares. This move will reduce the principal amount of the bonds to $12.25 million and increase the company’s total voting shares to 1,142,998,513, potentially impacting shareholder interests and market positioning.
Pantheon Resources announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support. The company’s strategic focus on the Ahpun and Kodiak fields, along with its infrastructure advantages, positions it well for future growth and financial self-sufficiency, with plans to produce oil and gas into major pipelines by 2028.
Pantheon Resources announced its Annual General Meeting, where an investor presentation and Q&A session will follow the formal proceedings. The company is strategically positioned to leverage its proximity to infrastructure on Alaska’s North Slope, aiming for financial self-sufficiency and future development of its oil and gas resources. This positioning may enhance its market value and stakeholder confidence, supported by agreements like the Gas Sales Precedent Agreement with AGDC.
Pantheon Resources announced its planned flow testing program for the Megrez-1 well, targeting multiple pay zones on Alaska’s North Slope. The tests aim to confirm reservoir properties and fluid compositions, with potential flow rates ranging from 200 to 2,000 barrels per day. Successful tests could significantly enhance Pantheon’s resource base and production potential, aligning with the company’s broader development strategy and potentially transforming its commercial prospects.
Pantheon Resources announced that it has exercised the option to increase the aggregate amount of its senior convertible bonds from $30.5 million to $35 million, with the additional funds to be used for working capital, expenses, and general administrative purposes. This financial move is expected to provide the company with the necessary resources to complete flow testing in the Megrez-1 well and prepare for future activities, potentially enhancing its operational capabilities and market positioning.
Pantheon Resources plc has announced the potential increase of its senior convertible bonds to US$35 million, with Sun Hung Kai & Co. Limited as the lead investor. This move aims to provide financial flexibility for working capital and operational expenses, particularly as the company prepares for flow testing at the Megrez-1 well, thereby reducing uncertainty and focusing on operational progress.
Pantheon Resources announced a significant board update, with Max Easley now effectively appointed as CEO. This appointment allows Executive Chairman David Hobbs to transition back to a Non-Executive Chairman role, which aligns with Pantheon’s commitment to enhancing corporate governance. The update is part of Pantheon’s broader strategy to strengthen leadership as it seeks to realize the potential of its Alaska North Slope projects, which are strategically positioned near key infrastructure, offering a competitive advantage in development time and costs.